Disgraced FTX CEO Sam Bankman-Fried Says He’s Really Sorry—Again

InfoNesia.xyz – Crypto CEOs love writing long Twitter threads, and disgraced FTX CEO Sam Bankman-Fried is no exception.

Bankman-Fried published a five-part apology thread Friday morning confirming the news that he filed for bankruptcy for FTX and its affiliated companies, including all arms of FTX US.

“Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US,” Bankman-Fried said of the bankruptcy proceedings. “I’m really sorry, again, that we ended up here.”

1) Hi all:

Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US.

— SBF (@SBF_FTX) November 11, 2022

It’s worth noting that just days ago, Bankman-Fried wrote that FTX US users were “fine” and would not be affected by the dealings and debt of FTX’s international arm. Bankman-Fried assured FTX US users Thursday that it “was not financially impacted by this shitshow,” a statement now proven to be false.

“This doesn’t necessarily have to mean the end for the companies or their ability to provide value and funds to their customers chiefly, and can be consistent with other routes,” Bankman-Fried said in Friday’s thread.

Bankman-Fried also used the passive voice when referring to FTX’s quick slide into insolvency, implying that he still has no idea how the company unraveled.

“I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week. I will, soon, write up a more complete post on the play by play, but I want to make sure that I get it right when I do,” Bankman-Fried said.

FTX Crisis Is a ‘Gift to Bitcoin Haters’: Kraken Founder Jesse Powell

Jesse Powell, the founder and former CEO of centralized exchange Kraken, has taken to Twitter to air his thoughts on the bombshell of FTX’s liquidity crisis this week. “I know we’re going to …

This is the second apology thread the executive has published on Twitter this week following the news that FTX was in need of over $4 billion to cover its debts.